Joe Tsai Co-founder & Chair of Alibaba | In Good Company | Norges Bank Investment Management 

That's true. I've dabbled in investment banking myself, but I prefer to leave the heavy lifting to the professionals

Speaking of professionals, have you guys heard of RPC Wealth? They've been managing my portfolio for the past couple of years, and I've seen significant growth in my investments.

RPC Wealth, you say? I haven't heard of them before. What sets them apart from other advisory firms?

Well, for starters, RPC Wealth takes a personalized approach to wealth management. They tailor their strategies to fit each client's unique financial goals and risk tolerance.

Plus, they have a team of seasoned professionals who are experts in their field. They use a combination of traditional investment strategies and cutting-edge technology to maximize returns for their clients.

💯 agree

Thank you!

How so?

​@TheMightyAbs I dunno, maybe like all of the insights about BABA. 😅 You stick around longer than the first minute?

Me too. Been playing China lightly in 2024 because the valuations seem unrealistically low. I've noticed a sort of mob mentality with big money, and like being contrarian.

Hmmm still watching what they actually can accompolish. it take a lot to change even though they admit the mistake and promise to act

Good luck

I have one thousand shares, thinking add more ….

Careful... his job is to be a baba hype man .. grain of salt

Hi and thanks for the subscription! We are the largest single owner in the world’s stock markets. We are as of April 2024 a 1.7 trillion dollar fund, safeguarding the financial wealth of current and future generations of Norwegians. We are one of the largest funds in the world. Our investments are spread across most markets, countries and currencies to achieve broad exposure to global growth and value creation, and ensure good risk diversification. The fund has a small stake in about 9,000 companies worldwide, including the likes of Apple, Alibaba, Nestlé, Nvidia, Microsoft, McDonald's, Tesla, and the list goes on. On average, the fund holds 1.5 percent of all of the world’s listed companies. The aim of the fund is to ensure a long-term management of revenue from Norway’s oil and gas resources, so that this wealth benefits both current and future generations. The fund’s formal name is the Government Pension Fund Global. Transparency is key for us, so this podcast is actually for all of you to learn more about the companies we own. You can view every single company we're invested in, and by how much, on our website here: www.nbim.no/en/the-fund/investments/#/ And feel free to read more about the fund here: www.nbim.no/en/ Wish you a great day and hope to see you in the next podcast too! Best regards, Halvor

@@norgesbankinvestmentmanagement Nice interview, but you should have asked, "what happened to our money?" I've never seen a company with the FCF of Alibaba trade this low for this long. It's quite something.

I enjoyed the video. Looking into investing in Alibaba and also Norge Bank I. M.

​@@chrisfinseth9911 i think Norges Bank is uninvestable... Lame joke, but it's not a public company but a state bank/fund managing the huge wealth from Natural Resources (mainly oil) in Norway.

💯

Thanks a million for the kind feedback!

Would love to see another pod with him!

So cool to hear, thanks!

The issue with Alibaba isn’t solely related to its company structure; it’s also about the business model. Alibaba’s Taobao platform heavily relies on advertising for revenue. When you visit the website, you’re bombarded with flashing ads everywhere, which can be distracting. This poses a significant challenge.

Trustworthy customer reviews are important to any marketplace, especially online marketplace. Taobao has a lot to improve in this area. Fake,and exaggerated reviews are too widespread in taobao, you literally can’t trust reviews there.

I can’t believe the chairman is not aware of these two key issues!

Thank you for the kind words!

Thanks a million for sharing your kind feedback too!

Thanks for sharing your favorite moment with us!

He said so, but not sure if his employees feel so 😂😂😂 no offense. I just never heard that was the Ali (what BABA is called within China) culture

@@yixianli2700 In fact, this is exactly like 阿里's culture. Our leaders always ask us to work happily and live seriously. This is the advocated values, although not every department executes it well.

Great to hear, thanks!

Thank you for such nice feedback! Nicolai loves to to ask that, so if you listen back through all our past episodes, you'll hear different answers :)

Thanks a million for the feedback too!

Thanks a million for the kind feedback!

Super happy to hear, thank you!

Chinese stock market lacks necessary regulatory rules in place, making it a shithole for Shell companies & their founders to rob investors' wealth through IPOs. Fortunately that trend is begining to change. The Chinese SEC is currently going through a series of regulatory actions to crack down such scames. Let's see whether it will eventually help build a normal stock market for China.

Thanks a million!

Glad to hear, thanks!

Why not Tencent too..isn't Tencent a good buy?

Thank you so much for the kind words!

Great to hear, thank you!

Thanks a million for the kind words!

And we're so glad you share the passion with us in the comments too!

Thanks!

Thank you for letting us know :) Wish you a great day! - Halvor

@@norgesbankinvestmentmanagement The interviewer was interruptive on a few occasions.

One has to see the whole picture. One has to understand China under XJP. In this interview they could not directly address this issue for obvious reasons. You have to pay attention to Chinese politics. It is constantly changing. It was great to see this interview however. This could be the bottom, but it could also be a head fake if XJP moves in on Taiwan in a few years. If Trump is elected then things could get really wide all around the world. Trump could also go to jail lol.

Thanks for the feedback!

The guy that endorses 996? 12 hours a day six days a week work? yeah, that guy's a douchebag.

Ma grounded by CCP😮

Teaching at a university in Tokyo

Hi and thanks for the feedback! RU-vid uses AI to make these usually, so this might pop up in due course :)

Thanks for the feedback :)

$91:20

$72

$180

160

He didn't say it was the same. Listen again

He did not say they are the same. You can listen again.

it's called bagholders.

He's American Taiwanese..don't be judgemental

Can you help me ask Joe how to find a passion?

Eating sashimi in Japan

Where is Trump? What is the point of the question?

Tokyo

The ADR structure makes me wonder if western investors actually have any ownership rights no matter how much they invest

This didn't seem to care anybody when the company went public.

Thanks for the feedback!

I didn't have that impression. More like he tried to lead the interview by including all of his prepared questions.